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Rise in the need for semantic search capabilities, technological progress in computer science, web technologies, and constant information available on the internet have changed landscape of search and access to information. Next generation search engine includes advanced technologies, which involves machine learning, semantic analysis, and social networks.
Next generation search engine are expected to provide advanced models of information retrieval,which is especially useful for decision makers and scientists who wish to gain working knowledge about search to evaluate available solutions and dialogue with software and data providers. Next generation search engines are also considered as advanced search engine, which areinbuilt with new technologies such asembedded AI, voice based, and Image based searches.
COVID-19 scenario Analysis:
1.The emergence of COVID-19 pandemic has severely affected almost all industries across the world. Further, lockdown enforcements and restrictions on movements of non-essential goods as well as resources in various countries has disrupted supply chain of electronic components & networking equipment. Thus, this has led to delay in supply of electronic components required in manufacturing of network equipment.
2. It is estimated that the U.S. and global tech market growth is slowing down to nearly 2% in 2020, owing to which ICT spending in major economies such as the U.S. have declined in the first half of 2020.
3. However, the industry is still hoping a recession in almost every sector, the computer and equipment spending might be the weakest sector following with the tech spending and system integration. Software spending growth may also witness a decline and it is hard to grow post-recession. Fortunately, organizations are still predicting a growth in demand in cloud infrastructure services and potential increase in spending on specialized software.
Increase in focus of companies on enhanced customer experience, rise in number of emerging applications, personalization of smart speakers, and growth in need for relevant information asthepenetration of smartphones is on the risealong with rise in number of internet users are some of the key factors of this market. However, issuesrelated to connectivity range, power, and compatibility are some of the factors that hindergrowth of the next generation search engines market. Furthermore, ongoing advancements in voice-activated capabilities of devices creates numerous opportunities for the market.
In addition to webpages, there are numerous amounts of unstructured data such asimages, videos, audios, and other multimedia data. These unstructured data have complex structure as well as they are rich in content and semantics, hence by simply using semantics may not be able to completely describe them and thus the accuracy of search enginesrestrains growth of the next generation search engines market.
Key benefits of the report:
Key Market Segments
Key Market Players